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EVERFUEL
1st H2Station Oslo-Hamburg Corridor - Supplied.
H2Station Hernning Q4 22 - Contract 100 H2 Taxis
FREDERICA 20MW (UPTO 300MW) DENMARK - SUPPLIED & OPENS Q2-Q3 2022
GERMANY 100MW 2021-2022 - SUPPLY
H2Station Trelleborg Sweden Maserfrakt AB H2 Fleet - Installed 2021
IWANTANI CORP USA - NOK150M 14 H2Stations 2021-2022 - Installed and Installing.
OVAKO STEELPLANT HOFORS - €11M 20MW Q4 2022 to Install.
WOOD ENGINEERING & NEL - 30+ CONTRACTS H1 '21 - to supply
HEROYA ELECTROLYSER FACTORY TO OPEN 2ND PRODUCTION LINE 2022 - CEO "Opens H2 2022"
H2Station SHELL HOLLAND - Install 2022
YARA FERTILIZERS INTERNATIONAL , PORSGRUNN HEROYA AMMONIA FACTORY - Q2-Q3 2022 Install.
5MW to install = ONLY 1% H2O Capability - MASSIVE
ZE PAK, POLAND 70MW SOLAR FARM ( largest in Poland) - H2Station €3.2m - Installed 2021
ARIES USA, PETAFLOP SUPERCOMPUTER & PARTNER NREL USA & NEL - Installed 2021
HyLINE - EUROPEAN HYDROGEN INFRASTRUCTURE PROJECT - NEL SUPPLY HYDROGEN 2019-2023 - NEWS to come on the amount of electrolysers to fit.
UN-NAMED USA GLOBAL FUEL CELL COMPANY - $26M PEM ELECTROLYSER CONTRACT 2022-2023 to install.
RAYTHEON TECHNOLOGIES, COLLINS AEROSPACE, US NAVY & NEL $54M CONTRACT - Ongoing
NIKOLA CORP
- ANHEUSER H2Station Q4 - 800 H2 Truck Fleet to supply. This is NOT Nikola's biggest client !!!
- NIKOLA TRE & IVENCO , ULM GERMANY - H2Station to Install.
- NIKOLA PHOENIX HQ - H2Station - Installed
- PG TRUCKING 2023 - Buying Nikola Tre H2 Trucks.
HEXOGAN PURUS, NEL PARTNER - USA 2 PRO CAB H2 TRUCK CLIENTS - Q2 2022 ( guessing supply as partner )
EXELON NUCLEAR ENERYGY GENERATION USA - PEM Electrolyser Installed Nine Mile Point with US Gov project to use this blue print across US NUCLEAR PROJECTS , so more to come...
H2Station VAL DE LOIRE FRANCE - Q3 2022 Opens.
SGN LEVENMOUTH , FIFE - 2021 WORLD FIRST GAS TO HOMES. 300 homes with expansion up to 900 homes. Active project.
ANGLO AMERICA MINING, ENERGIE & NEL - H2 Trucks hydrogen electrolyser supply TESTING 2022 SUPPLY by 2024.
YEAR 2023
STATKRAFT STEEL, CELSA, MO INDUSTRIES & NEL - Supply 40-50MW 2023 GREEN STEEL.
WRIGHTBUSES UK , DENMARK & LATVIA - 200 H2 Buses to supply by wrightbuses and NEL to supply the Hydrogen.
It is pretty clear NEL Hydrogen are winning business , some projects are 18 months to 3 years prior to opening. I have another list as long as the above of all the LARGE JOINT VENTURE PROJECTS with several CONSORTIUMS in the USA, EU & AUSTRALIA.
The most exciting is the list above is ACTIVE contract and supply. Taking a look at the next list shows the potential and the SIZE OF PARTNERS inwhich NEL , HEXAGON COMPOSITES, HEXAGON PURUS, HEXAGON AGILITY & EVERFUEL are building long term relationships is across many different sectors.
I will hopefully post a second list including ITOCHO CORP, TOYOTA, COSTAIN, SAGA PURE MARINE SHIPPING, ORSTED...
Ty mo
The sooner we get a update then maybe will start going in the right direction...
Look forward to your next installment....
I was looking at the nel Homepage annoucements over '21. Turns out, on average a PO was announced roughly every 6 weeks, with 50% flex. As far as i can judge, orders go for around 500k per MW, with POs in excess of 5MW making SP shifts of any duration, before a corrective pullback. Probably going to see next POs announced 2/2022. But who knows..
Thanks very much for this list MO , that's really helpful. Full disclosure, I am invested but am feeling unsettled and might exit to wait for clearer buy signals. I'm underwater on the stock already and there is likely more downward pressure on the SP. At the moment all hydrogen stocks are under pressure, probably because few of them are turning a profit and hydrogen is still an expensive form of fuel, although given the recent spikes of fossil fuel prices, that course may be altered . Nell still looks expensive for the size of their balance sheet, not taking into account the orders. It would be helpful to know what payment schedules for these orders are and how much payment is taken upfront. I guess we will get more info at the ER. The order list is impressive but despite the increase in revenue the company is still unprofitable and the technical indicators for the stock do not look good for the short term. There is now also European competition from companies with deep pockets.
https://www.reuters.com/business/thyssenkrupp-hydrogen-unit-eyes-up-687-mln-possible-share-sale-proceeds-2022-01-13/
YARA FERTILIZERS INTERNATIONAL , PORSGRUNN HEROYA AMMONIA FACTORY - Q2-Q3 2022 Install.
5MW to install = ONLY 1% H2O Capability - MASSIVE
So the plot thickens ? ITM get 25mw order , NEL are INSTALLING in Q2-3 a 5mw. There is many multiples of MW from this point up for grabs still and NEL will be up and running latest Q3, so time to prove up the skills in fitting, running and servicing our electrolyser.
Still in first but a big win too for ITM , well done to their sales team.
EVERFUEL
1st H2Station Oslo-Hamburg Corridor - Supplied.
H2Station Hernning Q4 22 - Contract 100 H2 Taxis
FREDERICA 20MW (UPTO 300MW) DENMARK - SUPPLIED & OPENS Q2-Q3 2022
GERMANY 100MW 2021-2022 - SUPPLY
H2Station Trelleborg Sweden Maserfrakt AB H2 Fleet - Installed 2021
IWANTANI CORP USA - NOK150M 14 H2Stations 2021-2022 - Installed and Installing.
OVAKO STEELPLANT HOFORS - €11M 20MW Q4 2022 to Install.
WOOD ENGINEERING & NEL - 30+ CONTRACTS H1 '21 - to supply
HEROYA ELECTROLYSER FACTORY TO OPEN 2ND PRODUCTION LINE 2022 - CEO "Opens H2 2022"
H2Station SHELL HOLLAND - Install 2022
YARA FERTILIZERS INTERNATIONAL , PORSGRUNN HEROYA AMMONIA FACTORY - Q2-Q3 2022 Install.
5MW to install = ONLY 1% H2O Capability - MASSIVE
ZE PAK, POLAND 70MW SOLAR FARM ( largest in Poland) - H2Station €3.2m - Installed 2021
ARIES USA, PETAFLOP SUPERCOMPUTER & PARTNER NREL USA & NEL - Installed 2021
HyLINE - EUROPEAN HYDROGEN INFRASTRUCTURE PROJECT - NEL SUPPLY HYDROGEN 2019-2023 - NEWS to come on the amount of electrolysers to fit.
UN-NAMED USA GLOBAL FUEL CELL COMPANY - $26M PEM ELECTROLYSER CONTRACT 2022-2023 to install.
RAYTHEON TECHNOLOGIES, COLLINS AEROSPACE, US NAVY & NEL $54M CONTRACT - Ongoing
NIKOLA CORP
- ANHEUSER H2Station Q4 - 800 H2 Truck Fleet to supply. This is NOT Nikola's biggest client !!!
- NIKOLA TRE & IVENCO , ULM GERMANY - H2Station to Install.
- NIKOLA PHOENIX HQ - H2Station - Installed
- PG TRUCKING 2023 - Buying Nikola Tre H2 Trucks.
HEXOGAN PURUS, NEL PARTNER - USA 2 PRO CAB H2 TRUCK CLIENTS - Q2 2022 ( guessing supply as partner )
EXELON NUCLEAR ENERYGY GENERATION USA - PEM Electrolyser Installed Nine Mile Point with US Gov project to use this blue print across US NUCLEAR PROJECTS , so more to come...
H2Station VAL DE LOIRE FRANCE - Q3 2022 Opens.
SGN LEVENMOUTH , FIFE - 2021 WORLD FIRST GAS TO HOMES. 300 homes with expansion up to 900 homes. Active project.
ANGLO AMERICA MINING, ENERGIE & NEL - H2 Trucks hydrogen electrolyser supply TESTING 2022 SUPPLY by 2024.
YEAR 2023
STATKRAFT STEEL, CELSA, MO INDUSTRIES & NEL - Supply 40-50MW 2023 GREEN STEEL.
WRIGHTBUSES UK , DENMARK & LATVIA - 200 H2 Buses to supply by wrightbuses and NEL to supply the Hydrogen.
It is pretty clear NEL Hydrogen are winning business , some projects are 18 months to 3 years prior to opening. I have another list as long as the above of all the LARGE JOINT VENTURE PROJECTS with several CONSORTIUMS in the USA, EU & AUSTRALIA.
The most exciting is the list above is ACTIVE contract and supply. This shows the potential and the SIZE OF PARTNERS in which NEL , HEXAGON COMPOSITES, HEXAGON PURUS, HEXAGON AGILITY & EVERFUEL are working with. A great future is coming.
A reminder of just how much possible hydrogen potential there is that Nel are working to introduce
An immense amount .. just need to for it all to filter through into sales , profit and the increase in the SP .. fingers crossed.. 2 years and counting…
April official opening of the factory at Heroya.
2 new wins in 5 days.
Its coming again, but this time with fresh eyes on just how the relience on oil & gas is a global constraint.
2 years for me being invested should do now - thumbs up.
I hope you are right :)
Nel is obviously a highly capital intensive business. Will take a bit of time to ramp up revenue to get into mildly neutral EBIT territory. How long is a piece of string?